United Bank of India MD and CEO Ashok Kr Pradhan says the sovereign status of the amalgamated entity will not be diluted as government holdings in these banks are very high

An amount of Rs 1.06 lakh crore was disbursed towards new term loan, while Rs 46,800 crore was given as working capital loan. The banks credited Rs 19,627 crore to the non banking financial companies

In August, the government announced its plan to merge 10 public sector lenders into four to create fewer and stronger global-sized banks